AGF Foods Company is a large, primarily domestic, consumer foods company involved in the manufacture, distribution, and sale of a variety of food products. Industry averages are derived from Troy's The Almanac of Business and Industrial Financial Ratios and Dun and Bradstreet's Industry Norms and Key Business Ratios. Following are the 2024 and 2023 comparative income statements and balance sheets for AGF. The market price of AGF's common stock is $47 at the end of 2024. (The financial data we use are from actual financial statements of a well-known corporation, but the company name used in our illustration is fictitious and the numbers and dates have been modified slightly to disguise the company's identity.) Profitability is the key to a company's long-run survival. Profitability measures focus on a company's ability to provide an adequate return relative to resources devoted to company operations. AGF FOODS COMPANY Years Ended December 31, 2024 and 2023 2024 Comparative Income Statements ($ in millions) Net sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income from operations before tax Income taxes Net income Average shares outstanding Comparative Balance Sheets Current assets: Cash Accounts receivable Marketable securities Inventories Prepaid expenses Total current assets Property, plant, and equipment (net) Intangibles (net) Other assets 2023 $ 6,440 (3,667) 2,773 (1,916) 857 (54) 803 (316) $ 487 $ 5,800 (3,389) 2,411 (1,629) 782 (53) 729 (287) $ 442 181 million 181 million Assets Total assets Current liabilities: Liabilities and Shareholders' Equity Accounts payable Notes payable Accrued liabilities Current portion of long-term debt Total current liabilities Long-term debt Deferred income taxes Total liabilities Shareholders' equity: Common stock, $ 1 par Additional paid-in capital Retained earnings Total shareholders' equity Total liabilities and shareholders' equity Required: $ 48 347 $ 142 320 358 914 874 212 154 1,879 1,490 2,592 2,291 800 843 74 60 $ 5,345 $ 4,684 $ 254 $ 276 493 496 518 115 208 54 1,473 941 534 728 407 344 2,414 2,013 180 21 180 63 2,730 2,931 2,428 2,671 $ 5,345 $ 4,684 1. Calculate the return on shareholders' equity for AGF. The average return for the stocks listed on the New York Stock Exchange in a comparable period was 18.8%. Note: Round your answer to 1 decimal place. 2. Calculate the return on assets for AGF. Note: Do not round intermediate calculations. Round your answer to 1 decimal place. 3. Calculate AGF's earnings per share. The average return for the stocks listed on the New York Stock Exchange in a comparable time period was 5.4%. Note: Round your answer to 2 decimal places. 4. Calculate AGF's earnings-price ratio. Note: Round your answer to 1 decimal place. 1. Return on shareholders' equity 2. Return on assets 3. Earnings per share 4. Earnings-price ratio % % %